EC

Eisler Capital Management Ltd.

Diversified strategyMomentum followerSector-focused

Total reported value

$22.6B

Reporting period: 2025-09-30 · Number of holdings: 1241

Eisler Capital Management Ltd. disclosed 1241 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $22.6B and a quarterly turnover rate of 71.5%.

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Personality snowflake

Concentration
19.18
Portfolio Stability
71.52
Momentum/Contrarian
100
Sector conviction
81.82
Diversification
100
Sizing Uniformity
57.25

Recent moves

  • Add IVV

    +346.1%　$2.8B

  • Add QQQ

    +117.6%　$1.4B

  • Add IWM

    +40.8%　$1.1B

  • Add SPY

    +24.4%　$644.1M

  • Add NVDA

    +9.4%　$980.7M

  • Add MSFT

    +22.2%　$539.8M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Eisler Capital is not hunting alpha — it’s placing a leveraged bet on momentum by aggressively scaling into S&P 500, Nasdaq, and Russell 2000 ETFs alongside mega-cap tech winners. This is a capital rotation off the sidelines into the highest beta trades, signaling conviction that the current bull regime has more runway.

Macro & Fundamentals

Eisler’s synchronized buys of IVV, QQQ, and IWM price in a broad-market rally where both Tech and Small Caps participate, underpinned by sustained AI-led growth and benign liquidity conditions. The opposing thesis is that this portfolio is long a single factor—momentum—with zero hedging, leaving it exposed to a regime shift toward value, a liquidity crunch, or a simple mean reversion in crowded, consensus-owned names.

Blind Spots / Risks

Eisler’s extreme momentum tilt (score 100) combined with a 47% IT sector weighting creates a reflexivity risk: the portfolio is leveraged to the very factor that could unwind violently when sentiment shifts. The hidden overlap between its index ETF holdings and direct positions in NVDA, AAPL, and MSFT means real exposure to those names is far higher than reported, amplifying the damage from a tech multiple compression.

The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.

Top 10 holdings by weight

Full holdings list this quarter

Showing top 401 holdings (of 1241 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1IVVIshares Core S&p 500 ETFETF-Large Cap & Growth14.60%+11.34%+346.11%
2NVDANvidia CORPStock-Tech8.02%+2.17%+9.38%
3IWMIshares Russell 2000 ETFETF-Small Cap7.45%+3.01%+40.76%
4QQQInvesco Qqq Trust Series 1ETF-Tech6.38%+5.76%+117.57%
5AAPLApple INCStock-Tech5.42%+0.73%+12.53%
6MSFTMicrosoft CORPStock-Tech5.08%+0.81%+22.18%
7SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth3.34%+2.55%+24.40%
8AMZNAmazon.com INCStock-Consumer Disc2.35%-0.52%+12.30%
9METAMeta Platforms Inc-class AStock-Comm Services2.27%+0.22%+10.15%
10GOOGLAlphabet Inc-cl AStock-Comm Services2.11%-0.12%+10.96%
11TSLATesla INCStock-Consumer Disc2.08%+0.20%-6.30%
12AVGOBroadcom INCStock-Tech1.73%-0.37%+6.32%
13AMDAdvanced Micro DevicesStock-Tech1.36%-0.43%-12.93%
14JPMJpmorgan Chase & CoStock-Financials1.15%+0.07%-4.45%
15GOOGAlphabet Inc-cl CStock-Comm Services0.99%+0.52%+57.98%
16BRK-BBerkshire Hathaway Inc-cl BStock-Other0.93%—+25.47%
17UNHUnitedhealth Group INCStock-Healthcare0.85%+0.10%+32.60%
18TLTIshares 20+ Year Treasury BdETF-Gov Bonds0.83%+0.17%+65181.23%
19LLYEli Lilly & CoStock-Healthcare0.80%-0.14%+32.65%
20XOMExxon Mobil CORPStock-Energy0.72%—+11.69%
21COSTCostco Wholesale CORPStock-Consumer Staples0.70%-0.08%-10.26%
22KWEBKranesh Csi China InternetETF-Emerging Markets0.65%+0.62%+6624.81%
23HDHome Depot INCStock-Consumer Disc0.65%—-2.06%
24WMTWalmart INCStock-Consumer Staples0.64%-0.12%+3.64%
25NFLXNetflix INCStock-Comm Services0.63%-0.12%+42.10%
26ABBVAbbvie INCStock-Healthcare0.60%—+45.94%
27BACBank Of America CORPStock-Financials0.56%—+10.23%
28CATCaterpillar INCStock-Industrials0.55%—-37.06%
29EWZIshares Msci Brazil ETFETF-Other0.54%+0.43%+289.49%
30QCOMQualcomm INCStock-Tech0.52%—+12.84%
31CCitigroup INCStock-Financials0.51%—-31.64%
32VVisa Inc-class A SharesStock-Financials0.51%—+18.31%
33MUMicron Technology INCStock-Tech0.49%—-33.17%
34EEMIshares Msci Emerging MarketETF-Emerging Markets0.47%+0.47%NEW
35PDDPdd Holdings INCStock-Consumer Disc0.44%+0.15%+82.83%
36UBSUBS Group AGStock-Financials0.44%—+70.18%
37PGProcter & Gamble Co/theStock-Consumer Staples0.44%—-0.09%
38ORCLOracle CORPStock-Tech0.42%+0.13%+37.67%
39CVXChevron CORPStock-Energy0.42%-0.48%+10.58%
40GSGoldman Sachs Group INCStock-Financials0.39%+0.05%-13.41%
41WFCWells Fargo & CoStock-Financials0.38%—-3.26%
42INTCIntel CORPStock-Tech0.36%+0.02%+21.05%
43AMATApplied Materials INCStock-Tech0.35%—-0.65%
44ABTAbbott LaboratoriesStock-Healthcare0.34%—+5.15%
45GEGeneral ElectricStock-Industrials0.34%+0.04%+7.94%
46MAMastercard INC - AStock-Financials0.33%—+3.37%
47BABoeing Co/theStock-Industrials0.32%—-18.06%
48PLTRPalantir Technologies Inc-aStock-Tech0.32%+0.15%+102.87%
49DISWalt Disney Co/theStock-Comm Services0.31%—-2.82%
50TXNTexas Instruments INCStock-Tech0.30%-0.43%+4.51%
1–50 of 401

Holding changes this quarter

Eisler Capital Management Ltd.'s most significant position changes for 2025-09-30: New buy: Ishares Msci Emerging Market (EEM); New buy: Ishares Msci Japan ETF (EWJ); New buy: Ishares Msci India ETF (INDA); New buy: United States Oil Fund LP (USO); Add: Ishares Core S&p 500 ETF (IVV) — shares +346.11%.

Position changes disclosed by Eisler Capital Management Ltd. for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1IVVIshares Core S&p 500 ETF+11.3%+346.11%Add
2QQQInvesco Qqq Trust Series 1+5.8%+117.57%Add
3IWMIshares Russell 2000 ETF+3%+40.76%Add
4SPYSs Spdr S&p 500 ETF Trust-us+2.6%+24.40%Add
5NVDANvidia CORP+2.2%+9.38%Add
6MSFTMicrosoft CORP+0.8%+22.18%Add
7AAPLApple INC+0.7%+12.53%Add
8KWEBKranesh Csi China Internet+0.6%+6624.81%Add
9GOOGAlphabet Inc-cl C+0.5%+57.98%Add
10EWZIshares Msci Brazil ETF+0.4%+289.49%Add
11METAMeta Platforms Inc-class A+0.2%+10.15%Add
12TSLATesla INC+0.2%-6.30%Add
13TLTIshares 20+ Year Treasury Bd+0.2%+65181.23%Add
14FXIIshares China Large-cap ETF+0.2%+218.10%Add
15PDDPdd Holdings INC+0.2%+82.83%Add
16PLTRPalantir Technologies Inc-a+0.2%+102.87%Add
17ORCLOracle CORP+0.1%+37.67%Add
18DELLDell Technologies -c+0.1%+0.82%Add
19UNHUnitedhealth Group INC+0.1%+32.60%Add
20KRESs Spdr S&p Regional Bank+0.1%+12.31%Add
21JPMJpmorgan Chase & Co+0.1%-4.45%Add
22GSGoldman Sachs Group INC+0.1%-13.41%Add
23GEGeneral Electric0%+7.94%Add
24MRKMerck & Co. INC.0%+193.86%Add
25INTCIntel CORP0%+21.05%Add
26BACBank Of America CORP—+10.23%Add
27COSTCostco Wholesale CORP-0.1%-10.26%Add
28GOOGLAlphabet Inc-cl A-0.1%+10.96%Trim
29WMTWalmart INC-0.1%+3.64%Add
30NFLXNetflix INC-0.1%+42.10%Add
31LLYEli Lilly & Co-0.1%+32.65%Add
32VRSNVerisign INC-0.2%-92.47%Trim
33CMGChipotle Mexican Grill INC-0.2%-20.59%Trim
34GLDSpdr Gold Shares-0.3%-27.53%Trim
35NKENike INC -cl B-0.3%-32.30%Trim
36BKNGBooking Holdings INC-0.4%-6.72%Trim
37NOCNorthrop Grumman CORP-0.4%+5.18%Trim
38CSCOCisco Systems INC-0.4%-12.28%Trim
39AVGOBroadcom INC-0.4%+6.32%Trim
40STLAStellantis N.V.-0.4%-34.45%Trim
41AMDAdvanced Micro Devices-0.4%-12.93%Trim
42TXNTexas Instruments INC-0.4%+4.51%Trim
43ADBEAdobe INC-0.5%-26.10%Trim
44CVXChevron CORP-0.5%+10.58%Trim
45AMZNAmazon.com INC-0.5%+12.30%Add
46CRMSalesforce INC-0.5%+15.83%Trim
47EEMIshares Msci Emerging Market—NEWNew buy
48EWJIshares Msci Japan ETF—NEWNew buy
49INDAIshares Msci India ETF—NEWNew buy
50USOUnited States Oil Fund LP—NEWNew buy

FAQ

What is Eisler Capital Management Ltd. and what type of investor is it?
Eisler Capital Management Ltd. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-09-30), the firm manages a tracked equity portfolio valued at approximately $22.6B, spread across 1241 disclosed positions.
What are Eisler Capital Management Ltd.'s largest equity positions?
Based on the latest 13F filing, Eisler Capital Management Ltd.'s top holdings by market value are: 1. Ishares Core S&p 500 ETF (IVV) — $3.3B (14.6%) 2. Nvidia CORP (NVDA) — $1.8B (8.0%) 3. Ishares Russell 2000 ETF (IWM) — $1.7B (7.5%) 4. Invesco Qqq Trust Series 1 (QQQ) — $1.4B (6.4%) 5. Apple INC (AAPL) — $1.2B (5.4%)
What changes did Eisler Capital Management Ltd. make in its most recent portfolio filing?
In the latest reported quarter, Eisler Capital Management Ltd. made 50 notable position adjustments: 4 new positions were initiated, 31 existing holdings were added to, 15 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Ishares Msci Emerging Market (EEM); New buy: Ishares Msci Japan ETF (EWJ); New buy: Ishares Msci India ETF (INDA); New buy: United States Oil Fund LP (USO); Add: Ishares Core S&p 500 ETF (IVV) — shares +346.11%
What sectors does Eisler Capital Management Ltd. focus on?
Eisler Capital Management Ltd. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 47.3% • Consumer Discretionary: 12.3% • Communication Services: 11.8% • Financials: 10.6% • Health Care: 7.5% • Consumer Staples: 4.1%

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